Walgreens Boots Alliance, Inc.

Key Holdings

The sole holding in the portfolio is Cencora, Inc. (formerly AmerisourceBergen), representing 100% of the total portfolio value at $2.24 billion. This position consists of 7.47 million shares. The sheer size of this stake—comprising the entire portfolio—signals that Cencora is not merely a financial investment for Walgreens but likely a strategic alignment. Cencora is a major pharmaceutical sourcing and distribution services provider. The fact that Walgreens holds zero other reported equities suggests that this position is treated as a core asset, distinct from a typical diversified equity portfolio.